UK Landlord Forum / Life

Lendgo are advertising remortgage deals with rates of 2.8%. I saw the advert on MSN while playing online chess..hah.

£100,000 mortgage starting from £233/mo.
£200,000 mortgage starting from £466/mo.
£300,000 mortgage starting from £699/mo.


I'm not sure what the catch is. They make you fill in a form, and then at the end of the completion it says, "We will get an advisor to contact you" Pffft.

I figure there must be a catch if they're not willing to give me specific rates on their website. Anyways, luckily I filled the form in with duff data; I don't want to be hounded by a broker. I am interested in what they're offering though...

Anyone else heard of this company and/or aware of what the catch is? The only thing I can imagine is that there is a HUGE admin fee. If that's the case, does it work out cheaper paying that fee and getting the 2.8% rate? I imagine the 2.8% is a fixed rate for 1 or 2 years. and then it jumps to the lenders extortionate variable rate. Of course, this is all speculation.

0% credit cards with 2% balance transfer fee are also a deal that jumps to the lenders extortionate fee after a year or so, but that doesn't make them a bad idea.

Interesting ... let us know what you discover. Did you give him the right number?


V

Nah, all the info I gave was fake.

I'm going to make a friend of mine fill it in, haha. I'll let you know what I find out.